Upcoming Changes in GSTR-1 You Must Know

Upcoming Changes in GSTR-1 You Must Know

GSTN has recently twitted about some upcoming changes in GSTR-1 which are as under:

  1. Column “Total Value” to be removed from Table-12 (HSN wise summary of outward supplies) of Form GSTR-1.
  2. A new entry “Rate of Tax” to be inserted in place of Column “Total Value”. Thus, HSN code to be reported Rate Wise.
  3. Changes in reporting of number of digit of HSN code as per Notification No. 78/2020- Central Tax and 79/2020- Central Tax Dated 15/10/2020.

Following image twitted by GSTN is showing all these changes which is attached below :

You May Also Like: CBDT Issues Clarification in Respect of Residential Status under Income Tax Act, 1961

Comments are closed.